VTMGX vs. CEMIX
Compare and contrast key facts about Vanguard Developed Markets Index Fund Admiral Shares (VTMGX) and Causeway Emerging Markets Fund (CEMIX).
VTMGX is managed by Vanguard. It was launched on Aug 17, 1999. CEMIX is managed by Causeway. It was launched on Mar 28, 2007.
Performance
VTMGX vs. CEMIX - Performance Comparison
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VTMGX vs. CEMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VTMGX Vanguard Developed Markets Index Fund Admiral Shares | -0.48% | 35.17% | 3.03% | 17.65% | -15.33% | 11.39% | 10.25% | 22.04% | -14.48% | 26.39% |
CEMIX Causeway Emerging Markets Fund | 1.94% | 36.22% | 14.90% | 17.13% | -23.05% | -0.83% | 16.95% | 16.73% | -17.91% | 39.79% |
Returns By Period
In the year-to-date period, VTMGX achieves a -0.48% return, which is significantly lower than CEMIX's 1.94% return. Over a longer period, both investments have demonstrated similar performance, with their 10-year annualized returns being quite close: VTMGX at 8.99% and CEMIX at 8.99%.
VTMGX
- 1D
- 0.05%
- 1M
- -11.62%
- YTD
- -0.48%
- 6M
- 5.23%
- 1Y
- 25.87%
- 3Y*
- 14.82%
- 5Y*
- 8.15%
- 10Y*
- 8.99%
CEMIX
- 1D
- -2.64%
- 1M
- -12.74%
- YTD
- 1.94%
- 6M
- 8.30%
- 1Y
- 37.97%
- 3Y*
- 21.19%
- 5Y*
- 6.32%
- 10Y*
- 8.99%
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VTMGX vs. CEMIX - Expense Ratio Comparison
VTMGX has a 0.07% expense ratio, which is lower than CEMIX's 1.10% expense ratio.
Return for Risk
VTMGX vs. CEMIX — Risk / Return Rank
VTMGX
CEMIX
VTMGX vs. CEMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Developed Markets Index Fund Admiral Shares (VTMGX) and Causeway Emerging Markets Fund (CEMIX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| VTMGX | CEMIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.51 | 1.89 | -0.38 |
Sortino ratioReturn per unit of downside risk | 2.01 | 2.43 | -0.42 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.35 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 2.01 | 2.55 | -0.54 |
Martin ratioReturn relative to average drawdown | 7.98 | 9.76 | -1.79 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VTMGX | CEMIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.51 | 1.89 | -0.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 0.37 | +0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.50 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.27 | +0.01 |
Correlation
The correlation between VTMGX and CEMIX is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
VTMGX vs. CEMIX - Dividend Comparison
VTMGX's dividend yield for the trailing twelve months is around 3.01%, more than CEMIX's 2.45% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VTMGX Vanguard Developed Markets Index Fund Admiral Shares | 3.01% | 3.20% | 3.34% | 3.14% | 2.88% | 3.14% | 2.02% | 3.03% | 3.33% | 2.77% | 3.06% | 2.91% |
CEMIX Causeway Emerging Markets Fund | 2.45% | 2.49% | 3.73% | 4.85% | 4.87% | 23.35% | 1.36% | 2.03% | 2.01% | 1.58% | 1.55% | 1.69% |
Drawdowns
VTMGX vs. CEMIX - Drawdown Comparison
The maximum VTMGX drawdown since its inception was -60.58%, smaller than the maximum CEMIX drawdown of -68.90%. Use the drawdown chart below to compare losses from any high point for VTMGX and CEMIX.
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Drawdown Indicators
| VTMGX | CEMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.58% | -68.90% | +8.32% |
Max Drawdown (1Y)Largest decline over 1 year | -11.67% | -13.61% | +1.94% |
Max Drawdown (5Y)Largest decline over 5 years | -29.71% | -36.63% | +6.92% |
Max Drawdown (10Y)Largest decline over 10 years | -35.68% | -39.59% | +3.91% |
Current DrawdownCurrent decline from peak | -11.62% | -13.61% | +1.99% |
Average DrawdownAverage peak-to-trough decline | -14.74% | -15.91% | +1.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.94% | 3.57% | -0.63% |
Volatility
VTMGX vs. CEMIX - Volatility Comparison
The current volatility for Vanguard Developed Markets Index Fund Admiral Shares (VTMGX) is 7.09%, while Causeway Emerging Markets Fund (CEMIX) has a volatility of 9.52%. This indicates that VTMGX experiences smaller price fluctuations and is considered to be less risky than CEMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VTMGX | CEMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.09% | 9.52% | -2.43% |
Volatility (6M)Calculated over the trailing 6-month period | 10.91% | 14.92% | -4.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.47% | 19.54% | -3.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.60% | 17.09% | -1.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.42% | 18.11% | -1.69% |